Should my Memphis property be a long-term rental or an Airbnb?

It depends on the address. Enter it here and we show both numbers side by side, the long-term rent comparable homes have leased for and the short-term revenue comparable Airbnbs have earned nearby, each with the sample size shown. Short-term often grosses more but requires furnishing, a Memphis permit under Ordinance 5631, and more hands-on operation. Long-term is steadier and fully hands-off. The numbers are yours to weigh.

How much does Airbnb management cost in Memphis with LPS?

Short-term (Airbnb) management is 10% of revenue, one of the lowest in Memphis where the standard is 15 to 25 percent. The guest pays the cleaning fee and our in-house team does the turn, so cleaning is $0 to you. Long-term management is 8% of collected rent. Both are stated up front.

Do I need a permit to run an Airbnb in Memphis?

Yes. Memphis short-term rentals are governed by Ordinance 5631, which sets permit rules and zoning limits. We check permit eligibility as part of any short-term analysis before you furnish anything.

Long-Term vs Airbnb · Memphis

Long-term rental or Airbnb? See both numbers for one address.

Type a Memphis address. We pull what comparable homes lease for long-term and what comparable Airbnbs earn short-term, side by side, each from real local comps with the sample size shown. We do the management math both ways. Then you decide.

4.75★ 7,000+ reviews One team manages both, long-term and Airbnb In-house cleaning & maintenance

How this works. The long-term number is what comparable Memphis homes, matched on bedrooms and area, have actually leased for on current comps. The short-term number is what comparable Airbnbs nearby have earned, from live short-term market data, with sample size shown for each. Long-term take-home is rent minus our 8% management fee. Short-term take-home is rental revenue minus our 10% fee and about $50 a month in supplies; the guest pays cleaning and our in-house team does the turn, so cleaning is $0 to you. Taxes, insurance, and any furnishing are yours either way. These are estimates from real comps, not appraisals or guarantees. More on Airbnb management →

Get the full long-term vs short-term breakdown

Send your address and we will hand-check both comp sets, confirm permit eligibility under Ordinance 5631, and send a written side-by-side with furnishing and ramp-up costs factored in. Free, no obligation.

No spam, we never sell your info. Or email andrew@staywithlps.com.

"Most managers only run one of these numbers because they only do one. We manage both with our own team, so we will show you both honestly, even when the answer is keep it long-term."

Andrew Glisson, Longstep Property Solutions

30day

The 30-day no-lock-in guarantee

Start with Longstep on long-term management, and if we are not the right fit in your first 30 days, you can cancel. No penalty, no fight, no holding your doors hostage. We would rather earn your business every month than lock you into a contract that does the work for us.

The terms: cancel your long-term management agreement within your first 30 days, for any reason, with no cancellation fee. You remain responsible only for third-party costs already incurred at your direction, such as a repair you approved. Applies to long-term property management.